Automotive Digital Marketing

Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders

Loading... Be Patient!

Total Auto Originations Observations From Equifax

Origination Estimates through September 13, 2020 reported as of September 15, 2020

Auto: Total *Origination data subject to revision due to reporting lags. All data presented here are estimates.

  • 14,100 auto loans and leases, totaling $401.8 million, have been originated the week ending September 13th.
  • 1,400 auto loans and leases have been originated the week ending September 13th to consumers with a VantageScore® 3.0 credit score below 620. These are generally considered subprime accounts. These newly-issued loans have a corresponding total balance of $41.5 million.
  • In the week ending September 13th, 9.8% of auto loans and leases were issued to consumers with a subprime VantageScore® 3.0 credit score. These subprime accounts totaled 10.3% of balances of all auto loan and leases.
  • 1,200 auto loans and leases have been originated the week ending September 13th to consumers with a FICO® Auto 8 credit score below 620. These are generally considered subprime accounts. These newly-issued loans have a corresponding total balance of $36.5 million.
  • In the week ending September 13th, 8.6% of auto loans and leases were issued to consumers with a FICO® Auto 8 credit score subprime credit score. These subprime accounts totaled 9.1% of balances of all auto loan and leases.
  • The average origination balance for all auto loans and leases issued in the week of September 13th was $28,408. The average subprime auto loan and lease amount was $29,924.

 

Auto Lease Origination Observations

Originations Estimates through September 13, 2020 reported as of September 15, 2020

Auto: Lease

  • 5,400 auto leases, totaling $81.4 million, have been originated the week ending September 13th.
  • Auto leases accounted for 38.3% of all auto accounts and 20.3% of all auto balances in the week ending September 13th.
  • Approximately 400 auto leases have been originated in the week ending September 13th to consumers with a VantageScore® 3.0 credit score below 620. These are generally considered subprime accounts. These newly-issued leases have a corresponding total balance of $5.7 million.
  • In the week ending September 13th, 6.6% of auto lease accounts and 7.0% of total balances were issued to consumers with a VantageScore® 3.0 subprime credit score.
  • Approximately 300 auto leases have been originated in the week ending September 13th to consumers with a FICO® Auto 8 credit score below 620. These are generally considered subprime accounts. These newly-issued leases have a corresponding total balance of $4.2 million.
  • In the week ending September 13th, 5.0% of auto lease accounts and 5.2% of total balances were issued to consumers with a FICO® Auto 8 subprime credit score.
  • The average origination balance for all auto leases issued in the week ending September 13th was $15,028. The average subprime lease amount was $15,974.

Views: 26

Tags: Auto, Equifax, From, Observations, Originations, Total

Comment

Oops... You need to stop "Lurking" on ADM and become a more genuine Automotive Professional by completing your membership registration. As a registered ADM Member, you can post comments, publish your own articles (be a star!) and start Forum discussions. Stop being an online "Peeping Tom" and JOIN ADM RIGHT NOW!

Join Automotive Digital Marketing

Automotive Professional Network and Resource Exchange for Car Dealers, Managers, OEM and Marketing Practitioners seeking Best Practices.

ADM Sponsor

William B. Terry
Rated by Super Lawyers


loading ...

ADM Badge

Loading…

Based On Your Interests...

ADM Consulting, LLC

Onsite/Offsite Combination ADM Consulting, LLC Professional Services
Select the maximum monthly investment you plan to make
$USD
Sign up for

Automotive Marketing Tools

Get ADM Toolbar

Click here to take the ADM Member Survey

Getting too many emails from ADM? Click mailbox below to control which types of alerts and updates you are sent......


Instagram

SaveSave

ADM Professional Services
Phone Consultation
Topic or Issue:

Top Automotive Marketing Forum Discussions

Share the Best Content w/AutoMarketing Community

© 2020   Created by Ralph Paglia.   Powered by

ADM Badges  |  Report an Issue  |  Terms of Service

google.com, pub-1344093271332697, DIRECT, f08c47fec0942fa0 google.com, pub-1344093271332697, DIRECT, f08c47fec0942fa0